Bitcoin has reached its ATH, and the crypto community is celebrating. Some are already talking about the start of a new bull market. However, in reality, how many people actually hold Bitcoin or have a significant share in this asset? For most, the price increase has yet to reflect meaningfully in their wallets.
Moreover, the possibility of a correction cannot be ruled out — and in that case, other crypto assets, especially altcoins, could suffer much heavier losses.
For me, the most positive signal would be a decline in Bitcoin dominance, which could indicate a redistribution of capital towards other cryptocurrencies. A significant rise in Ethereum, in my view, would be a far more convincing sign of a genuine bull trend — it would likely trigger growth in other assets, including altcoins, meme tokens, and various other assets.
Ultimately, the real bull run and genuine market activity will begin only when the entire market starts to rise, not just a single asset. 1 reply
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